Ardian, the Paris-headquartered fund manager, today announced the opening of a new office in Madrid.
The outpost, its 11th internationally, is intended to serve as a base for Ardian to tighten links with “large corporations, its local partners and clients, and with major private equity and financial players in Spain,” the firm said in a statement.
The office will initially host members of Ardian’s infrastructure team, which will be led by managing director Juan Angoitia, as well as professionals from its mid-market buyout unit, headed by managing director Gonzalo Fernandez-Albiñana.
The firm already has significant infrastructure connections with local firms, having co-invested on several occasions alongside Abertis, a developer with a sizeable toll road portfolio, and AENA, a public airport operator in Spain and overseas.
Example of such deals include: SANEF, a highway network in France; Trados 45, a Spanish toll road in Madrid; Túneles de Vallvidriera y Cadi in Barcelona; and London Luton Airport. Ardian is also the largest shareholder in Compañia Logistica de Hidrocarburos, an oil storage and transportation business.
“Our new office broadens further our European infrastructure coverage, enabling us to build even closer relationships with our existing partners. Together we will explore opportunities to develop further the infrastructure requirements of the region,” said Angoitia.
The firm, which started raising its fourth infrastructure fund in January with an initial target of €2 billion, has invested €900 million in Spain to date.